Colorado Restaurant Association CEO Sonia Riggs said that business at most eateries was down between 20% and 50% by March 13, even before the new coronavirus restrictions — it is likely to be devastating for some businesses in the short term and transformational for some time to come.
“The impact is going to be extremely widespread,” said Andrew Friedson, Assistant Professor of Economics. “Nobody has a sense of how long this is going to last or how widespread it’s going to be.”
Denver Restaurants Face a Devastating Hit. Here's What Some Are Doing to Pivot
Denver Business Journal, March 16
It’s not weird that the city government doesn’t know how bad things will get, said Andrew Friedson. This particular type of shock to the economy, complete with a sudden, government-mandated closure of businesses, is unprecedented.
The taxes used to fuel Denver’s government are dwindling
Denverite, March 27